Financial News Update – 09/05/10

From: iOwnTheWorld

Keith Olbermann and Nate Silver at 538.com get faced by former Car Czar Steve Rattner — Chrysler closings were politically motivated (Hat Tip: Larwyn)

Consumer Metrics Institute: Economy Is Like Michael Moore Bungee-Jumping Off the Golden Gate Bridge Without the Bungee Cord Part (Hat Tip: Larwyn)

Hussman: Fed setting the stage for a dollar collapse (Hat Tip: Larwyn)

Incredible: after weeks of careful analysis, using stuff like charts and graphs, I just spotted evidence of the Summer o’ Recovery™! (Hat Tip: Larwyn)

Cook County’s Democrook Party: $7M in mystery checks issued, CFO gets herself a $54K raise, county budget deficit set to top $500M (Hat Tip: Larwyn)

Zero Hedge: Pelosi, Obama and Reid have helped erase or destroy… 11.2 million jobs since the recession began (Hat Tip: Larwyn)

Afghanistan Opening First Shariah-Based Banks – Is The Taliban Setting Itself Up To Control All Banking And Zakat In Afghanistan? (Hat Tip: Larwyn)

Guest Post: Inflationary Policy Is WMD on Babyboomers (Hat Tip: Jean Stoner)

Biden Predicts 500,000 Jobs Created a Month Soon (Hat Tip: Jean Stoner)

Another federal judge slaps down Obama/Salazar energy lease decision (Hat Tip: Jean Stoner)

Paralysis By Taxation (Hat Tip: Jean Stoner)

Recovery Autumn? (Hat Tip: Jean Stoner)

Obama’s economy boost – just don’t call it stimulus (Hat Tip: Jean Stoner)

There Should be No Debate Over Extending the Bush Tax Cuts (Hat Tip: Jean Stoner)

White House to Deploy Broader Mortgage Aid (Hat Tip: Jean Stoner)

U.S. Commerce Department refuses to initiate investigation on China’s currency allegations (Hat Tip: Jean Stoner)

Big Mother: FLOTUS Tells Doctors to Write Prescriptions for Your Fat Kids (Hat Tip: Brian B.)

Mark Mix: FEC allows SEIU’s illegal political fund-raising scheme (Hat Tip: Brian B.)

Patients’ choices may narrow as insurers adjust standards for doctors, hospitals (Hat Tip: Jean Stoner)

Sen. Coburn: Democrats Intentionally Set Up ObamaCare to Fail (Hat Tip: Brian B.)

Police, fire departments bill accident victims to offset cuts (Hat Tip: Brian B.)

The Summer of Recovery Ends: Epic Fail Fall Begins (Hat Tip: Larwyn)

“But, looky here. John Bolton Suggests He Could Consider 2012 Presidential Bid. He does foreign, Sarah does domestic. “…..Roger, teh Real King of France (Hat Tip: Larwyn)

Great News – Gov’t To Lose Money On GM IPO (Hat Tip: Larwyn)

obamanomics (Hat Tip: Larwyn)

EPA to Issue New Climate Rules Without Congress

Russian Finance Minister Encourages More Smoking & Drinking

DNC Chairman: People Ought to Be Proud to Be Democrat Right Now

Bad Joke of the Day… Record Setting Dems Are Trying to Run as Fiscal Conservatives

Economic woes jeopardize prospects

TAXPAYERS TO BAIL OUT AFGHAN BANK? WHITE HOUSE CLAIMS ‘NO’

Obama to Propose $100B R&D Tax Credit

SurvivalBlog:

Bernanke Out Of Bullets But Not Bombs: Federal Reserve’s ability to buy assets and spark inflation is unlimited.

Société Générale tells clients how to prepare for ‘global collapse’

A Termite-Riddled House: Treasury Bonds

Buried down in the fine print of the New York Times we read that the FDIC is $15.2 billion in the hole. But gee, who’s counting, and who cares, when Uncle Sugar can create unlimited money out of thin air?

Bank Run 2011?

Karzai urges Afghans not to panic as bank withdrawals accelerate

The US Economy is Not Getting “Better” — It’s Dying!

Gold Rallying to $1,500 as Soros’ Bubble Inflates

Stock Investors Brace for Another Ugly September

Cash-poor Local Governments Ditching Public Hospitals

FDIC’s At-Risk Bank List Grows

It’s Impossible to “Get By” in the US.

More about the inflation riots in Mozambique

How Hyperinflation Will Happen

The Federal Reserve reported that the M2 Money Supply expanded 5.3% in just three months from April 2010 to July 2010. And the M3? Who knows. They stopped compiling that data 2006, after it had become too embarrassing.

Meat price surge fuels fears of food inflation

Food prices push inflation up again

Unemployment Rate Rises to 9.6%.

Bernanke: Shut down banks if they threaten system

120 Days to Go Until the Largest Tax Hikes in History.

Global Collapse of the Fiat Money System: Too-Big-To-Fail Global Banks Will Collapse Between Now and First Quarter 2011

Complete List of Bank Failures

Where The Banks are Failing

Investors Bracing for Dreaded “September Effect”

Inflation Watch

The Incredible Shrinking Package

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